PayPal Extend To Nigeria, 9 Other Markets

Paypal will be entering into ten new countries this week, including Nigeria. Starting Tuesday, the company will provide its services across Nigeria, along with nine other markets in sub-Saharan Africa, Eastern Europe and Latin America through online payment alternatives via mobile phones or personal computers.

According to the executive in charge of the EMEA region of PayPal, Rupert Keeley, the payments unit of eBay Inc, said in an interview on Monday the expansion would bring the number of countries it serves to 203.

Starting on Tuesday, consumers in Nigeria, which has 60 million users and has Africa’s largest population, along with nine other markets in sub-Saharan Africa, Eastern Europe and Latin America will be able to make payments through PayPal.

“PayPal has been going through a period of reinvention, refreshing many of its services to make them easier to use on mobile (phones), allowing us to expand into fast-developing markets,” Keeley said.

Once the services go live, customers in the 10 countries with access to the Web and a bank card authorized for Internet transactions will be able to register for a PayPal account and make payments to millions of sites worldwide.

Initially, PayPal is only offering “send money” services for consumers to pay for goods and services at PayPal-enabled merchant sites while safeguarding their financial details. This is free to consumers and covered by fees it charges merchants.